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Side-by-side financial comparison of BOYD GAMING CORP (BYD) and CLEAN HARBORS INC (CLH). Click either name above to swap in a different company.
CLEAN HARBORS INC is the larger business by last-quarter revenue ($1.5B vs $997.4M, roughly 1.5× BOYD GAMING CORP). BOYD GAMING CORP runs the higher net margin — 10.5% vs 5.8%, a 4.7% gap on every dollar of revenue. On growth, CLEAN HARBORS INC posted the faster year-over-year revenue change (4.8% vs 0.6%). Over the past eight quarters, CLEAN HARBORS INC's revenue compounded faster (4.4% CAGR vs 1.5%).
Boyd Gaming Corporation is an American gambling and hospitality company based in Paradise, Nevada, US.
Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste. The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills, treatment, storage and disposal faci...
BYD vs CLH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $997.4M | $1.5B |
| Net Profit | $104.3M | $86.6M |
| Gross Margin | — | 30.6% |
| Operating Margin | 16.4% | 10.6% |
| Net Margin | 10.5% | 5.8% |
| Revenue YoY | 0.6% | 4.8% |
| Net Profit YoY | -5.9% | 3.1% |
| EPS (diluted) | $1.37 | $1.62 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $997.4M | — | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $991.6M | $1.4B | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $961.2M | $1.5B | ||
| Q2 24 | $967.5M | $1.6B |
| Q1 26 | $104.3M | — | ||
| Q4 25 | $140.4M | $86.6M | ||
| Q3 25 | $1.4B | $118.8M | ||
| Q2 25 | $151.5M | $126.9M | ||
| Q1 25 | $111.4M | $58.7M | ||
| Q4 24 | $170.5M | $84.0M | ||
| Q3 24 | $131.1M | $115.2M | ||
| Q2 24 | $139.8M | $133.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 30.6% | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 31.0% | ||
| Q2 24 | — | 33.3% |
| Q1 26 | 16.4% | — | ||
| Q4 25 | 15.7% | 10.6% | ||
| Q3 25 | 13.9% | 12.5% | ||
| Q2 25 | 23.4% | 13.6% | ||
| Q1 25 | 20.2% | 7.8% | ||
| Q4 24 | 25.1% | 9.6% | ||
| Q3 24 | 22.9% | 12.6% | ||
| Q2 24 | 23.5% | 13.9% |
| Q1 26 | 10.5% | — | ||
| Q4 25 | 13.2% | 5.8% | ||
| Q3 25 | 143.4% | 7.7% | ||
| Q2 25 | 14.6% | 8.2% | ||
| Q1 25 | 11.2% | 4.1% | ||
| Q4 24 | 16.4% | 5.9% | ||
| Q3 24 | 13.6% | 7.5% | ||
| Q2 24 | 14.5% | 8.6% |
| Q1 26 | $1.37 | — | ||
| Q4 25 | $1.60 | $1.62 | ||
| Q3 25 | $17.81 | $2.21 | ||
| Q2 25 | $1.84 | $2.36 | ||
| Q1 25 | $1.31 | $1.09 | ||
| Q4 24 | $1.89 | $1.55 | ||
| Q3 24 | $1.43 | $2.12 | ||
| Q2 24 | $1.47 | $2.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $127.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $2.7B |
| Total Assets | — | $7.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $353.4M | $127.4M | ||
| Q3 25 | $319.1M | $91.2M | ||
| Q2 25 | $320.1M | $98.9M | ||
| Q1 25 | $311.5M | $105.9M | ||
| Q4 24 | $316.7M | $102.6M | ||
| Q3 24 | $286.3M | $82.4M | ||
| Q2 24 | $280.8M | $91.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $3.6B | — | ||
| Q1 25 | $3.5B | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.0B | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $2.7B | ||
| Q3 25 | $2.7B | $2.8B | ||
| Q2 25 | $1.4B | $2.7B | ||
| Q1 25 | $1.3B | $2.6B | ||
| Q4 24 | $1.6B | $2.6B | ||
| Q3 24 | $1.6B | $2.5B | ||
| Q2 24 | $1.7B | $2.4B |
| Q1 26 | — | — | ||
| Q4 25 | $6.6B | $7.6B | ||
| Q3 25 | $6.5B | $7.5B | ||
| Q2 25 | $6.6B | $7.4B | ||
| Q1 25 | $6.5B | $7.2B | ||
| Q4 24 | $6.4B | $7.4B | ||
| Q3 24 | $6.3B | $7.3B | ||
| Q2 24 | $6.3B | $7.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.56× | — | ||
| Q1 25 | 2.61× | — | ||
| Q4 24 | 2.01× | — | ||
| Q3 24 | 1.88× | — | ||
| Q2 24 | 1.73× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $355.1M |
| Free Cash FlowOCF − Capex | — | $233.3M |
| FCF MarginFCF / Revenue | — | 15.6% |
| Capex IntensityCapex / Revenue | — | 8.1% |
| Cash ConversionOCF / Net Profit | — | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $441.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $275.3M | $355.1M | ||
| Q3 25 | $240.0M | $302.0M | ||
| Q2 25 | $205.0M | $208.0M | ||
| Q1 25 | $256.4M | $1.6M | ||
| Q4 24 | $262.1M | $303.9M | ||
| Q3 24 | $231.2M | $239.2M | ||
| Q2 24 | $213.1M | $216.0M |
| Q1 26 | — | — | ||
| Q4 25 | $127.0M | $233.3M | ||
| Q3 25 | $94.4M | $207.5M | ||
| Q2 25 | $80.6M | $118.0M | ||
| Q1 25 | $86.5M | $-117.1M | ||
| Q4 24 | $150.9M | $241.5M | ||
| Q3 24 | $146.0M | $142.4M | ||
| Q2 24 | $98.7M | $80.9M |
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 15.6% | ||
| Q3 25 | 9.4% | 13.4% | ||
| Q2 25 | 7.8% | 7.6% | ||
| Q1 25 | 8.7% | -8.2% | ||
| Q4 24 | 14.5% | 16.9% | ||
| Q3 24 | 15.2% | 9.3% | ||
| Q2 24 | 10.2% | 5.2% |
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | 8.1% | ||
| Q3 25 | 14.5% | 6.1% | ||
| Q2 25 | 12.0% | 5.8% | ||
| Q1 25 | 17.1% | 8.3% | ||
| Q4 24 | 10.7% | 4.4% | ||
| Q3 24 | 8.9% | 6.3% | ||
| Q2 24 | 11.8% | 8.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 4.10× | ||
| Q3 25 | 0.17× | 2.54× | ||
| Q2 25 | 1.35× | 1.64× | ||
| Q1 25 | 2.30× | 0.03× | ||
| Q4 24 | 1.54× | 3.62× | ||
| Q3 24 | 1.76× | 2.08× | ||
| Q2 24 | 1.52× | 1.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BYD
| Gaming | $650.5M | 65% |
| Online reimbursements | $135.4M | 14% |
| Food & beverage | $75.8M | 8% |
| Other | $63.5M | 6% |
| Room | $45.9M | 5% |
| Management fee | $26.2M | 3% |
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
